Agreements will boost port operators presence in Canadian and Asian markets
Dubai-headquartered DP World has signed deals to expand and develop ports in Canada and Taiwan.
DP World has signed an agreement with the port authority of Saint John, New Brunswick in Canada to expand and operate the Rodney Container Terminal, and has signed a memorandum of understanding (Mou) to develop Terminal 7 of Taiwans Kaohsiung Port.
In addition to running the day-to-day operations of the Rodney Container Terminal, starting in January 2017, DP World will also work on expanding the current facility by constructing a 350-metre deep water berth, an enhanced stacking area and an intermodal rail yard with 3,650 metres of track.
The construction is expected to be completed in 2021, which will be followed by a 30-year lease agreement.
The Rodney Container Terminal currently accommodates container, dry bulk, break bulk and project cargo.
DP World currently operates three other ports in Canadas west coast, including the Vancouver Centerm terminal, Fairview terminal in Prince Rupert and the Duke Point terminal in Nanaimo.
Meanwhile, the MoU DP World signed with the Taiwan International Ports Corporation (TIPC) marks the beginning of a joint effort to seek future business opportunities and to steer growth in Taiwans port infrastructure, a DP World Company statement revealed.
DP World is understood to be the first global operator entering the Taiwanese market. The company said it aims to bring its global expertise and experience in reviving the port, given its strategic location and its history being once among the worlds top container ports.
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